I have been a victim of private equity buyout, got a large cheque for the shares.how do i avoid capital gaintx

the cheque has been cashed into a bank account

I would recommend investing sufficient into your Pension (SIPP) to reclaim any tax due.

I believe it might still be possible to re-invest the proceeds into some sort of Enterprise Scheme that puts off the Capital Gains Tax until you cash that in, however you will need to speak to your accountant or an IFA.

NB> You do know Capital Gains is paid on GAINS ? .. So if your cheque is for say 拢100,000 but you paid 拢90,000 for the shares in the first place, your Gain is only 拢10,000 (and since you have a CG Allowance of just over 拢9,000 per year you only actually pay tax on 拢1,000 .. and (I assume) that this will be at 40% so the actual Tax is only 拢400) ... if you have some other shares (quite likley) that worth (eg. 拢10,000) that are currently are showing a (say 10%) loss (quite likely) then cashing these in now to realise the loss (10% or 拢10k = 1k) means your NET Gain is reduced by the loss (in the example you liability on Gains of 拢1k is reduced to 0 by the loss of 拢1k)).

you cant sorry.

Pay your tax. Freeloading git.

Talk to an accountant about Tayper relief.

invest it with me and i pay your tax

it can be countered with a capital loss dollar for dollar so if you are in the position to sell something for a loss thats one way of doing so

otherwise you can fund an ira, donate to charity, etc other tax deductions may be able to limit the hit a bit

"victim"?

Interesting position to take!

You have cashed the cheque! It is FAR too late to consider "tax avoidance measures", LOL! You owe the tax, and there is NO legal way to get out of that!

Silly goose!

invest it in a tax shelter...ie rrsp or something similar you put off paying the tax til you remove it from the shelter ie when you retire

You have to pay the tax. But if you Invest the profit in your pension scheme, the government will pay into it an amount equal to the tax.

Mind you, the annuity which you will have to buy at the end, will be legalised robbery, but it is for a good cause. The huge annual bonuses of the financial industry.

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　　Property Investment 　　Profitable Investments 　　Private Investment 　　Private Equity 　　Private Capital 　　Personal Investment 　　Pension Fund 　　Pecunix

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